IOTA is, of course, the most cryptic currency in the world of crypto money, which is the most talked about right now. The platform, which has developed partnerships with the world's most important companies, ran a wallet market called Trinity for Android and iOS devices in the past days. Looking at the initial user reactions, it turns out that the wallet is a successful operation. Now the team is getting ready to upgrade the slope with Qubic. There is little known about today that Qubic is 'a technology that will change the world'.
The IOTA team kept the name of the project secret for a long time. In discussions, the project was only referred to as 'Q'. After a while the name of the progeny was uncovered. Finally, details of what happened to Qubic were revealed.
Intelligent contract functionality comes to IOTA
According to Qubic.iota.org, Qubic is likely to change the way businesses interact and use promising smart contracts. Similar to many other 'mature' ecosystems, IOTA will provide intelligent contract functionality. There will be a decentralized platform for everyone's application development.
He can take the Golem's throne
IOTA is also expected to take over the ban of Qubic and Golem (GNT). As it is known, the Golem plans to build a supercomputer built on Blockchain. However, it is stated that IOTA's Qubic will use the idle computing capacity worldwide to solve all kinds of computational problems, which will result in a large-scale processing power. The goal of Golem was exactly as well.
The Qubic will also have a system that will allow the outside world to access the IOTA's Tangle network. For example, it can be considered that the temperature data is read by the sensors and that these data are then transferred to the Tangle network. To give another example, data such as election results, stock prices and personal characteristics will be accessible, readable and transferable from the outside.
In addition, an oracle system will be introduced that links USD-EUR conversions to smart contracts. Exchange rates will be taken over Bloomberg.com, which will allow the use of new IOTA-based lending and selling tools.
In addition, Qubic will offer a way for existing IOTA trading platforms to trade in decentralized margins. For anyone who wants to trade between IOTA and USD or EUR, a very interesting future may be forthcoming.
The IOTA Foundation did not give a date when Qubic officially started. The expectations are more tangible, but the realization of this has disappointed the market and the price of IOTA has been reduced.